Innovative Solutions and Suppor
9.55-0.57 (-5.63%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · ISSC · USD
Key Stats
Market Cap
168.43MP/E (TTM)
14.47Basic EPS (TTM)
0.66Dividend Yield
0%Recent Filings
8-K
Board appoints M&A expert
Innovative Solutions and Support expanded its board to seven members by appointing Richard Silfen as an independent director on October 28, 2025, leveraging his expertise in mergers, acquisitions, and capital transactions from roles at Hildred Capital Management and Duane Morris LLP. This move bolsters oversight for the company's strategy in advanced avionic solutions. Silfen joins at a pivotal moment. The filing notes forward-looking expectations of strategic benefits, tempered by integration risks for acquired product lines.
10-Q
Q3 FY2025 results
Innovative Solutions and Support posted solid Q3 FY2025 results, with net sales jumping 105% year-over-year to $24.1M, fueled by $12.5M from the September 2024 Honeywell military display acquisition, while organic sales rose 11.6M (derived). Gross profit climbed to $8.6M from $6.3M, though margins dipped to 35.6% from 53.4% on heavier military mix and depreciation; operating income grew 72% to $3.5M, and diluted EPS hit $0.14, up from $0.09, reconciling cleanly to 17.8M weighted shares. Services added 14% growth to $7.5M, driven by engineering contracts, while product sales soared 224% on Honeywell ramp-up. Cash from operations reached $10.3M YTD, supporting $5.5M in capex; long-term debt stood at $23.3M with $11.7M revolver availability and no covenant issues, bolstered by a fresh $100M credit facility post-quarter. Backlog holds at $72.4M. Yet tariffs on imports could squeeze supply costs.
8-K
Q3 revenue doubles on acquisition
Innovative Solutions and Support reported Q3 fiscal 2025 revenue of $24.1 million, surging 105% year-over-year from the F-16 product line acquisition, though gross margins dipped to 35.6% due to transition costs. Net income hit $2.4 million, or $0.14 per share, with adjusted EBITDA up 43% to $4.4 million. The new $100 million credit facility boosts liquidity for growth. Revenue will dip short-term from F-16 inventory normalization.
8-K
IS&S secures $100M credit facility
Innovative Solutions and Support secured a $100 million five-year credit facility on July 18, 2025, replacing its prior $35 million line with JPMorgan Chase Bank. The deal includes a $30 million revolver, $25 million initial term loan, and $45 million delayed draw term loan, with proceeds funding the old debt payoff and enabling acquisitions. Yet the expanded liquidity bolsters strategic flexibility. This strengthens growth options.
10-Q
Q2 FY2025 results
Innovative Solutions and Support posted robust Q2 FY2025 results, with net sales surging 104% year-over-year to $21.9M, fueled by $10.8M from the September 2024 Honeywell acquisition of military display generators and flight control computers, while organic sales climbed 20% (derived). Gross margin held steady at 51.4%, but operating income jumped to $7.0M from $1.6M last year, lifting diluted EPS to $0.30 from $0.07; YTD, sales rose 89% to $37.9M and EPS to $0.34 from $0.13, reconciling cleanly with 17.6M diluted shares. Key drivers included a 169% product sales spike from Honeywell lines and 50% service growth, though mix shifts trimmed YTD margins to 47.2%. Liquidity strengthened with $1.2M cash and $7.6M revolver availability against $27.4M debt at 5.9%, while free cash flow stood at $1.3M (derived). The Honeywell deal closed September 2024 for $14.2M cash, adding $2.6M goodwill and $8.1M intangibles amortized over 10 years for customer relationships. Backlog hit $79.6M, with 59% convertible in 12 months. Yet tariffs on imports pose supply chain risks.
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